Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4044 Landisburg Trail Fort Worth, TX 76244

4 Beds 2 Baths 2,404 sqft Built 2005

$309,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $128.54
  • 4 Days on Market
  • MLS # : 14521490
  • Updated Date : 02/27/2021 at 13:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,404 sqft
  • Baths : 2 full
Listing Agent

Texas Legacy Realty

Listing Agent's Description

MULTIPLE OFFERS, offer deadline Sunday Feb. 28 by 8pm! Come see your new home in the exemplary Northwest ISD! This 1-story home has been well-maintained by its original owner, is spacious, and is move-in ready. Located on a private corner lot in McPherson Ranch in Fort Worth, this bright and open floor plan offers 4 split bedrooms, 2 full baths, 2 living spaces and a dining area with lots of natural light. Enjoy family gatherings in the large kitchen with a huge skylight, a roomy pantry, and lots of cabinetry! The enormous backyard comes with a shed for all your tools. The neighborhood is conveniently located near highway 170 and includes a pool, a fishing pond, parks, and trail.

SEE MORE

MARKET HIGHLIGHTS

  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: McPherson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: McPherson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Kay Granger Elementary School Primary Regular 900 55 9
John M. Tidwell Middle School Middle Regular 1,048 65 8
Byron Nelson High School High Unknown NA

Kay Granger Elementary School

  • Education Level: Primary
  • # of students: 900
  • # of teachers: 55
9
GreatSchools Rating

John M. Tidwell Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 65
8
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$278,100$339,900$309,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,073
Property Tax -$708
Property Insurance -$166
HOA -$34
Property Management Fees -$99
CASH FLOW
-$101

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$309,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,635

INVESTMENT

$87,635

Down Payment
$77,250
Rehab Estimate
$5,750
Closing Costs
$4,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,073

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,250
Loan Amount $231,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,172

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,980

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,983

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9503$1,9804$1,9955$2,200
$2,200
RENT COMPS ANALYSIS
  • 4044 Landisburg Trail Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.82
    •  
  • 4848 Crumbcake Drive Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,243 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,243 Sqft ∙ Built 2004
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.82
    •  
  • 12832 Dorset Drive Fort Worth, TX 2
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2006
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 12613 Cottageville Lane Fort Worth, TX 4
    • 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2004
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.80
    •  
  • 12801 Parkersburg Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2007
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Rafe Song
Texas Legacy Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521490
Last Updated: 02/27/2021
BESbswy